Public Employees Retirement System of Ohio Lowers Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Public Employees Retirement System of Ohio trimmed its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,945 shares of the restaurant operator's stock after selling 1,299 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Domino's Pizza were worth $5,014,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Berkshire Hathaway Inc boosted its holdings in Domino's Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Domino's Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after buying an additional 21,705 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Domino's Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after buying an additional 92,389 shares during the period. Invesco Ltd. boosted its stake in shares of Domino's Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Domino's Pizza in the fourth quarter worth about $250,571,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of analyst reports. TD Securities reissued a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Monday, April 28th. Barclays cut their target price on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Argus reissued a "hold" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Tuesday, April 29th. Morgan Stanley lifted their price objective on shares of Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Finally, Bank of America upped their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and an average price target of $498.50.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares of the company's stock, valued at $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 in the last three months. 0.83% of the stock is currently owned by insiders.

Domino's Pizza Price Performance

DPZ traded down $7.82 on Monday, reaching $466.00. 711,495 shares of the company's stock were exchanged, compared to its average volume of 629,122. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44. The stock has a market cap of $15.96 billion, a PE ratio of 28.62, a P/E/G ratio of 2.47 and a beta of 1.15. The stock's fifty day moving average price is $473.16 and its 200-day moving average price is $458.17.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $3.58 EPS. As a group, research analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's payout ratio is currently 39.91%.

About Domino's Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.